There are parabolic lines on Bitcoin price chart. Bitcoin price was going up slowly. The speed of going up increased in last days. It is going up parabolic nowadays.
Here you can see daily chart of Bitcoin price. I drew this parabolic support line. Bitcoin price was in an asdending channel. It broke up the middle line of this channel. It is trying to touch the top level of this channel.
Here you can see the last parabolic support line on Bitcoin price chart. You can see what happaned after breaking down this support line. Bitcoin price may break down this parabolic support line again.
Here you can see the indicators on daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. It can be said that it is impossible to see breaking up this resistance. There is WW3 on the table. It is impossible to break up this resistance in this situation. MACD Indicator is going up and trying to go above 0 level. We may see reversing down on MACD Indicator.
There is uptrend line on Fisher Indicator. We may see breaking down on Fisher Indicator in a few days.
When this scenario happens, we will see breaking down on parabolic support line.
I dont like parabolic support lines. You can see what happens after this parabolic support lines. We may see the same scenario.
We will see..